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Dear_Carabineros, if_I were_scheduling a_coup of_the government,_I would
set it up for Wednesday when everyone has settled in for the evening around 9PM-ish and after all the "Talking Heads" on Tuesday have clearly solidified their "positions" and you definitely know for sure who is part of the solution and who is still the problemo. https://www-ex--ante-cl.translate.goog/el-nuevo-conclave-oficialista-las-pugnas-entre-las-dos-almas-del-gobierno-y-el-gran-dilema-de-boric/?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en-US&_x_tr_pto=wapp
The Doctor
Canada_looks in_on Marcela_last Tuesday_to see_if Lithium_industry
which is on life support now to possibly ascertain if it will survive relatively unscathed another 3 years until a real government can be elected
https://litoralpress-cl.translate.goog/sitio/Prensa_Texto?LPKey=P7UY4YUDM5TNB7LCG3IFTMEDYIEGWK42FASLVQNDGYPA6JGAVVISUVBD5YXLDV67PUOQYG2TQBW3E&_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en-US&_x_tr_pto=wapp
and the true benefits of TPP11 can actually "kick in" (see last paragraph in article) sans all the leftist/commie interference.
The Doctor
Dear_Martin Borda,_this is_the letter_you should_have written_to us
shareholders and the government with you substituting the word lithium for the word food
https://vnexplorer-net.translate.goog/empresas-carozzi-una-de-las-fortalezas-de-chile-era-que-existian-reglas-claras-y-que-se-respetaban-hoy-desconocemos-si-esa-conviccion-se-mantiene-s1547855.html?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en-US&_x_tr_pto=wapp&_x_tr_hist=true
President of Empresas Carozzi, Gonzalo Bofill has the balls you can only dream of having one day and this key bullet straight to the heart paragraph says it all... “The bad public policies that caused the stagnation of the country in recent years have caused, in recent times, more than US$ 30,000,000,000 to have left the country, which, more than a warning, is a confirmation that there has been lost confidence in the country, and that is not accidental. We have generated it by accepting extreme political positions, embarking on utopian constitutional essays, tolerating unacceptable levels of crime and extremism, justifying vandalism and covering it with heroism, generating division and hatefulness, and not taking responsibility for bad decisions, for bad public policy proposals. and mismanagement".
The Doctor
Chile_has FTA_w/USA. EVs_using Chilean_Lithium get_$7500 credit
Those EVs using Argentinian lithium... no $7500 credit... sorry.
https://www.cnn.com/2023/04/17/cars/ev-tax-credits-2023-which-cars-climate/index.html
Dear Nissan and Hyundai, Welcome to Chile. Would you like an extra side order of beans with your tacos for lunch?
The Doctor
Anti-Mining Marcela_kicking off_presidential bid_early illegally
https://www.portalminero.com/wp/en-antofagasta-ministra-marcela-hernando-explica-beneficios-del-royalty/
with her new "Free Money from Heaven for my Little People" concert tour.
Chinese_firm offers_US$10B to_mine lithium_in Afghanistan
https://kayhan.ir/en/news/113976/report-chinese-firm-offers-$10bn-to-mine-lithium-in-afghanistan
Once china starts pulling lithium out of Afghanistan then Chile might as well shut the door on ever increasing their share in the worldwide lithium market because Chile will by then be a "has been" minor player with zero pull/leverage in future negotiations having given up their claim to the lithium throne long ago starting in March 2022 with the installation of this hoarding delusional leftist/commie regime of top-heavy self-enriching queers/lesbo scammers/extortionists.
The Doctor
Europe's_Eramet to_invest US$680M to lock-up lithium exports from
... (drum roll)... Argentina... ha, but did you think for a few seconds here that I was going to say "from Chile"? Geez, you'd have to be daft in the head to think I was going to say Eramet was pumping that US$680M money into Shile (Shile=Shithole + Chile) to lock-up some lithium for Europe. https://www-mineria--pa-com.translate.goog/noticias/argentina-autoriza-la-inscripcion-de-eramine-al-regimen-de-fomento-de-inversion-para-las-exportaciones-en-litio/?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en-US&_x_tr_pto=nui
Whitey is not going to invest in Shile while all these leftist/commie bloodsuckers are constantly dreaming up new ways to scam all the miners through new increased taxes & royalties https://www-reporteminero-cl.translate.goog/noticia/noticias/2023/04/antofagasta-ministra-hernando-royalty-minero?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en instead of creating ways to expand mining and multiply new jobs for the citizens.
The Doctor
Good news from India regarding lithium
India doesn't need Chilean lithium anymore. India wants Chilean lithium miners from here (eg Maricunga) who have been royallyfocked by this free-enterprise-killing leftist/commie Chilean government under Mommy's Boy Gabby Boric to come to India (and bring our expertise) to mine lithium in India.
https://www-reporteminero-cl.translate.goog/noticia/noticias/2023/04/posible-colaboracion-minera-chile-india-litio?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en
Finally, some good news for us junior lithium miners in Chile.
The Doctor
WTF_happened to_Willy Kracht?_Where is_the one_person
in the entire Ministry of Mining who actually knows something about lithium mining?
Nobody has seen Mommy's Boy Gabby Boric's best college buddy, same Approve Dignity political party comrade, personal friend Willy Kracht in over 2 weeks. Where is he?
The Doctor
This_is how_leftist LATAM_presidents scam_the little_beaners
https://miningpress-com.translate.goog/debate/354608/pagni-la-trama-de-corrupcion-e-ineptitud-mas-impactante-de-la-era-k?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en-US&_x_tr_pto=wapp
Argentina's Presidente and Vice Presidente Cristina Fernández de Kirchner was well known for stuffing her supporters (especially women) into cushy well-paying make-work jobs in return for their votes and subsequent financial "under the legal maximum cap" smaller donations fed back into her campaign bank account to underwrite her true ulterior self-enriching objectives. You might say Cristina was/is the perfect role model for Anti-Mining Marcela who will be gunning to be Chile's next Presidente.
The Doctor
Dear_Ursula von_der Leyen,_if the_EU truly_wants lithium_then buy_a
junior lithium miner in Chile who actually owns lithium property now protected under TPP11, https://www-ex--ante-cl.translate.goog/confidencial-la-visita-de-la-presidenta-de-la-comision-europea-a-chile-y-su-interes-por-la-industria-del-litio/?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en-US&_x_tr_pto=wapp roll-up your sleeves, put on a protective fiberglas jock strap/cup, cover your head/back in bulletproof armor, put on 10 pairs of Kevlar bullet-stopping under panties, buy a Crocodile Dundee big knife and jump intotheshit with us domestic grunt junior lithium miners on the ground here in Chile fighting against these leftist/commie thugs/thieves trying to steal all the lithium for their political parties in order to buy votes in the next presidential election and then really extort the piss out of us with under the table bribes/pay-offs in order to afford their new taste in luxury goods since they were too cheap to buy shares (like a normal capitalist) in us juniors 5 years ago when the buying was much better.
The Doctor
Hot_potato, hot_potato, used-car salesman_Nicky tosses_NLP/NLC back
into Anti-Mining Marcela's lap https://miningpress-com.translate.goog/nota/354595/grau-la-inversion-que-traera-la-politica-nacional-de-litio?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en-US&_x_tr_pto=wapp see paragraph 5
I tried to transcribe the Q&A dialogue with this moron in the associated YouTube video which starts on his perception of the "lithium crisis" at about the 17 minute mark but it all comes out as a bunch of tedious hodge-podge jibber-jabber beaner nonsense and more delaying horsesheet because someone including him "doesn't have all the facts" yet... which is par for the course with all these puffed-up foot-dragging leftist/commies looking for a free wedge into someone else's business.
Nothing is going to change on the NLP/NLC in April with double-talking waffling morons like this running Chile.
The Doctor
Anti-Mining_Marcela repackages_all her_horsesheet from_this past_year
and barfs it all up in a new package April 12 https://amp-df-cl.translate.goog/empresas/mineria/empresa-nacional-del-litio-requerira-quorum-calificado-y-sera-100-estatal?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en-US&_x_tr_pto=wapp
There is nothing of substance in this latest load of crap, nothing new in this latest load of crap, nothing a mining company can actually build upon in this latest load of crap... it is all just more beaner "stir-up-the-pot-but-produce-nothing-edible" clusterfocked mishmash slop to try and again bamboozle/bluff the Whitey Gringo International Lithium Investors into believing they have to negotiate NOW with Marcela Hernando (next President of Chile) in order to get an "early" foothold in 2023 into the lithium industry which will "at long last finally" miraculously start up in 2026 under her "improved" presidency. But in reality for today in 2023.... NO focking NLC is going anywhere in Chile without the approval of the Lower Chamber of the Deputies plus the Senate and this lesbian/dyke-loving hag is nowhere near getting those critical legislative approvals. Chile Vamos & UDI in the Senate will never approve her half-baked smoke&mirrors lithium land-grab https://investorshub.advfn.com/boards/read_msg.aspx?message_id=171655128
We who have been with this project since Day One when Herr Martin Borda and Luis Saenz first created the MS+Li3 Energy partnership have seen scores of variations of this above lithium love story every month or two months from the government since 2013... 10 years ago. The government always brags how their savior Codelco or ENAMI is going to lead the way into the "next" boom era of Lithium development in Chile, but it is always the same story/flop. The "once burned, twice shy" Chilean Congress will refuse again to fund a government-created Frankenstein Lithium Monopoly (now named the NLC National Lithium Company) and the Monopoly will fail miserable/slowly starved for basic funding.
Dear Marcela Hernando, it is however noteworthy that you and you band of thieves are today worrying about the 2030 renewal on the Atacama property SQM is renting from CORFO (see last paragraph in above article URL). It has finally dawned on you that SQM's major mechanical asset in that operation is their Salar Futuro Refinery located 240km away from the salar on SQM private property (ie property not owned by CORFO) and when the lease is not renewed that SQM will come away from that "old worn runned dry" project with their refinery paid in full, all their earth-moving equipment, all the trucks, all the computers (and super valuable software), all their personnel, and everything not nailed to the ground. And why are you freaking out about that 2030 expiration? Because SQM has dropped from US$108/share down to US$77/share and you have finally realized the yearly LCE export allocation for 2024-2030 is already mysteriously taking a huge projected drop which means when the SQM CORFO lease expires that SQM is walking away from the job with a huge UNUSED approved non-revocable LCE export quota license that they can use to their benefit on a new non-CORFO-owned fully private lithium mine of their (and Tianqi's) choosing.
If you are so stupid to believe you will ever be able to rope SQM (and the Republican Ponce family) into your upcoming NLC fiasco... then you really do haveshitforbrains. Nobody is going to buy into YOUR NLC (National Lithium Company) especially in a NLC where the state (and your band of thieves) own 100% of the company... mark my words.
The Doctor
NYTimes_says Boric_hoarded/mismanaged lithium_during boom_times and
is now shooting himself in both feet nearly daily https://www-ex--ante-cl.translate.goog/el-reportaje-de-new-york-times-que-da-una-alerta-a-chile-china-trabaja-para-que-el-sodio-reemplace-al-litio-en-las-nuevas-baterias-de-autos/?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en-US&_x_tr_pto=wapp
If CATL perfects their sodium battery design then it is pretty much "lights out" for the leftists/commies/anarchists/queers currently running Mommy's Boy Gabby Boric's amateur government into the crapper. They have "missed the boat" by punishing/neutering the lithium miners.
The Doctor
Used_car salesman_Nicky:_let me_drop my_trousers and_crap
right in the middle of this great big year-long leftist/commie beaner clusterfock lithium pie again with more of my regurgitated non-specific bullsheet... we've decided an hour ago that we don't need a NLC (National Lithium Company) anymore and that everything will be peachy keen with just a nebulous half-baked NLP (National Lithium Policy). I will get our number 1 fairy Mommy's Boy Gabby Boric to wave his magic wand before the end of this month and everything will be clear... well, at least clearer than mud... hopefully. https://vnexplorer-net.translate.goog/ministro-grau-por-politica-del-litio-el-grueso-de-las-cosas-que-queremos-hacer-no-necesita-la-empresa-nacional-del-litio-s1430421.html?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en-US&_x_tr_pto=wapp&_x_tr_hist=true
Sincerely,
Used car salesman Nicky
PS, y'all come on down to the Ministry of Economy and buy a used car from us... we got dozens of good low-mileage car deals for you nitwit gullible beaners who still believe our leftist/commie horsesheet.
Used_car salesman_Nicolás Grau_who first_said the NLP/NLC_was
coming the end of March, then the beginning of April, then the middle of April, and who now says it is coming the end of April https://gestion-pe.translate.goog/economia/mercados/chile-busca-grandes-inversiones-en-litio-en-2025-2030-con-plan-que-presentara-este-mes-noticia/?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en-US&_x_tr_pto=wapp has successfully diverted the blame-for-delay attention away again from ultra-commie RP (Radical Party) Anti-Mining Marcela Hernando who said her mining ministry would produce the NLP/NLC in 2022 by starting out promising the NLP/NLC was coming the beginning of May 2022, then the end of June 2022, then............ (19 more times blah blah) ..............then the end of January 2023, then the beginning of March 2023.
You all see what we have here don't ya? We've just had one lying bullsheet artist traded before our very eyes for another lying bullsheet artist so as "not to dirty" Marcela's dainty reputation on telling the truth about lithium mining progress (which impacts thousands of brand new jobs for the voting population) in Chile before she starts campaigning in earnest for the presidential office in the summer of 2025 to replace Mommy's Boy Gabby Boric. Used car salesman Nicolás Grau is Marcela's new fall-guy/gofer to keep her looking more the "honest" truth-telling "innocent-of-foot-dragging" statesman/statestrans in the eyes of the voting population.
The Doctor
Boric_wants 50%_max tax_on miners_after he_ripsourballs off_and
gets his leftist/commie sadist buddies to shove them up our bum https://www.latercera.com/pulso/noticia/royalty-gobierno-propone-establecer-un-carga-maxima-tributaria-de-50-para-las-mineras/XK2W5GLG4NDSBJF4F4PWFDGUIU/
English translation below.
The Doctor
---------------------
Royalty: Government proposes to establish a maximum tax burden of 50% for mining companies
by Patricia Saint John
The Minister of Finance, Mario Marcel, explained that, if this percentage is exceeded, the reduction would be made through the specific tax on the mining sector.
The Minister of Finance, Mario Marcel, announced this Tuesday before the Senate Finance Commission, the indications that the government hopes to present to the mining royalty project.
According to the Executive's proposal, the idea is to establish a maximum potential tax burden of 50% for mining companies, on operational profitability, jointly considering the royalty, the first category tax, and the final taxes (additional tax) that would have been paid if shareholders distribute 100% of the profits.
In this way, it is considered that if the sum of all these taxes exceeds this maximum potential charge, it is the royalty that will be adjusted to set it at 50%.
Government postpones entry of indications to the mining royalty and privileges search in agreement with the opposition
Minister of Mining and Royalty: "We do not want to repeat what happened with the tax reform"
Although the proposal to establish a maximum charge was well received by opposition senators Juan Antonio Coloma (UDI) and Rojo Edwards (Republican Party), in both cases they argued that the established percentage is too high and could affect investment. In fact, Edwards presented an indication that sets the maximum amount of taxes paid by mining companies at 40%.
In response, Marcel maintained that "regarding the maximum load point, the reason why we have been presenting those charts with maximum load alternatives is because we are willing to seek an agreement around those figures."
He also indicated that "we are available to have a conversation and to reach more precise agreements regarding where the collection of the royalty that will not go to municipalities and regions would be invested."
The president of the Finance Commission, Ricardo Lagos Weber, said that his objective is to reach an agreement this week so that said body can vote on the indications and dispatch the project from the Senate Chamber next Tuesday.
Collection and payment of taxes
Marcel affirmed if this 50% limit were introduced and also if the incorporation of start-up expenses are added within the operating margin, the collection figures in the regime would be for the concept of greater collection due to a change in taxation (royalty) 0.41% of GDP, higher collection due to an increase in production of 0.22% of GDP and lower collection due to an increase in costs 0.07%, which adds up to a higher collection of large private mining of 0.56% of GDP.
Regarding the effective payment of taxes, he indicated that the proposed design reduces the potential tax burden in scenarios of low and high prices.
This is because, as he argued, when the price is low, the ad valorem tax increases the tax payment as a percentage of the business's profitability and when the price is high, the company is subject to a higher tax burden due to the rates of the component over the margin.
In addition, he indicated, the potential tax burden is on average less than its maximum value because prices are variable, and because there are deductions from the tax base.
In this way, he cited as an example that if it is assumed that three copper price cycles are repeated (readjusted for inflation) like those of the last 10 years. Thus, the margins vary from year to year, combining years of high and low margins. The average price is US$3.78 per pound (close to the reference price of US$3.74). In addition, accelerated depreciation reduces income tax payments during the first years of project operation. Using these prices from the last 10 years, the potential tax burden is 42.8%
As long as a price of US$4.50 per pound is assumed. The lower payment of taxes in the first years due to the effect of accelerated depreciation prevents the maximum potential load condition from being met for several years. At this constant price of US$4.50 per pound for 25 years, the potential tax burden of the project is 46.2%
And assuming a price of US$3.50 per pound, the potential tax burden remains below 50%, while at a constant price of US$2.10 per pound for 25 years, the project's potential tax burden is 40.5%
Tianqi's_proposed US$4_Billion investment in_Chile
https://www.latercera.com/pulso-pm/noticia/tianqi-presenta-un-plan-de-us-4-mil-millones-para-productos-de-litio-en-chile-pero-depende-de-factores-exogenos-a-la-compania/XDXG3PISYZEARAW5NYB4EQM6VE/
For English see below.
Tianqi clearly has some major new serious plans for Chilean lithium.
The Doctor
______________________
Tianqi presents a US$4 billion plan for lithium products in Chile, but it depends "on factors exogenous to the company"
The Chinese giant, a shareholder of SQM, exposed a program that includes building lithium battery plants. He exposed him to the National Economic Prosecutor's Office, which refused to lift restrictions on his participation in SQM, and to CORFO authorities. "A key factor for the execution of each plan will be the supply of lithium raw materials by the relevant Chilean authorities," he said. China also revealed an agreement with SQM for the supply of 20,000 tons per year.
"Under strict confidentiality, we have come to make a brief review regarding the preliminary Investment Plan that Tianqi has informed us that it plans to develop in Chile in the short and medium term." This is what the Chilean lawyers for Tianqi Lithium Corporation, Luis Alberto Aninat and Cristián Reyes, wrote in a presentation filed with the National Economic Prosecutor's Office on January 10 of this year, which was part of a request from the Chinese company to request the lifting of the restrictions on its participation in the corporate governance of SQM, where it has 23%, agreed with the National Economic Prosecutor's Office (FNE) in 2018. On March 3, the FNE rejected the request.
For the antitrust body, Tianqi has not proven that there is a "significant" change in the circumstances that founded the agreement. In his opinion, the risks detected four years ago have not changed "substantially" and it is reasonable to foresee that they will not as long as Tianqi's shareholding in SQM is maintained. Faced with the setback, the Asian company filed a replacement document with the FNE, which should be resolved in the coming days. And although the FNE will most likely maintain its position, Tianqi is therefore considering going directly to the Free Competition Defense Court (TDLC) to lift the restrictions, which prevent it, among other things, from nominating Tianqi executives in the SQM directory.
Tianqi has a stake in SQM, the largest local producer of lithium carbonate and lithium hydroxide, but wants to expand its presence in Chile. In the five-page text, to which Pulso had access, Tianqi only explained that it not only seeks to fully exercise its rights as a SQM shareholder, but also to formalize its intention to enter other relevant markets, different from that of the extraction of lithium hydroxide carbonate in its different grades.
“Tianqi plans to build the necessary infrastructure to generate in the country the necessary supplies for the manufacture of green lithium ion batteries and with this, install in Chile all the links of the value chain associated with its production, which includes mining, lithium conversion plants and cathode materials for the production of battery cells,” the presentation says.
According to the presentation, Tanqi's investment plan includes three stages with a total investment of US$4,000. millions.
In a first phase called “Up-stream”, the company seeks to produce lithium chemicals (Li2CO3/LiOH/Li-metal). It requires an investment of US$1,000 million and its success is contingent on the supply of brine.
In this same value chain, later, with an investment of US$1,000 million, it intends to produce "cathode material", for which it considers a capacity of 100,000 mtpa (metric Tons per Year).
Finally, in a third stage, called "down-stream", Tianqi estimates that it will produce "battery cells" with a capacity of 20 GWH and with an investment of US$2,000 million.
In his presentation, the Chinese company highlighted its "long and proven" track record of efficient operation in the lithium market, being a leader and with an established and reliable customer base. In addition, he assured that he is a strategic partner in the supply chain of many key OEMs (Original Equipment Manufacturers) for the development of batteries and electric vehicles around the world. Likewise, he highlighted that it is a socially responsible company and fully committed to sustainable development with high environmental, social and governance standards.
“Exogenous factors”
Tianqi detailed to the FNE the main products that it plans to produce in Chile as a result of its investment plan that it intends to implement, together with some of the expected results.
To produce lithium chemicals, based on a price of US$78,000 a ton registered in November 2022, with a capacity of 40,000 tons, it projects revenues of US$3,200 million and the creation of 500 jobs. In the case of cathode material, Tianqi expects revenues of US$5 billion, with a price of US$50,000 a tonne and a capacity of 100,000 mtpa. In the production of battery cells, and a price of US$130 per kilowatt/hour, it calculates revenues of US$2.6 billion and 1,500 jobs.
The Chinese giant affirms that it intends to implement these plans as soon as possible, but specifies that "they depend on factors exogenous to the company, since a key factor for the execution of each plan will be the supply of lithium raw materials by the pertinent Chilean authorities”.
In this sense, Tianqi added in his presentation to the FNE that he presented "this same Investment Plan to CORFO and requested its intervention and intermediation to coordinate and supply the raw materials required for this purpose, within the framework of the supply contracts that maintains with Albemarle and SQM and that contemplate specific conditions regarding the price for specialized producers of Value Added products in Chile, without said public service having communicated any decision in this regard to date”.
"Because of this, the Prosecutor's Office will be able to appreciate the potential entry of Tianqi in the Lithium Derivatives Market and the investment plan associated with it, in no way intends to make our client intervene in business activities that could compete or rival SQM, whose focus is on the extraction and development of technologies related to said process”, concluded the company.
Agreement with SQM
Tianqi has a minimum supply agreed with SQM. On November 19, 2021, via email, lawyer Claudio Lizana, Carey's former partner and Tianqi advisor at the time, sent an email to the FNE in which he detailed a production agreement between SQM and the Chinese mining company. .
The letter of intent signed by both companies, and attached to the process initiated at the FNE, explains that the agreement guarantees Tianqi the supply of industrial grade lithium carbonate for 20,000 metric tons per year (MT) from 2023 to the end of 2030.
The agreement established that by 2022 it considered only 10,000 metric tons: 1,000 in the first quarter; 1,500 in the second quarter; 2,500 in the third quarter and 5,000 in the fourth quarter. Both parties agreed to establish a price and commercial conditions at market price.
The agreement also provides for the formation of a non-fully functional joint venture for the development of a lithium carbonate refining plant in China. Its purpose is the refining of 20,000 metric tons per year of battery grade lithium carbonate. All its production will be supplied to its parent companies or members of its business group: that is, it will not have activities facing the market and its ownership will be shared: Tianqi Lithium (50%) and SQM (50%).
The end-2021 agreement was signed by Ricardo Ramos, general manager of SQM, and Fran Ha, president and CEO of Tianqi. In 2022, SQM sold a total of 157 thousand metric tons of lithium carbonate.
Proposed_Mining Royalty_legislation runs_out of_steam, gets_postponed
https://www-redimin-cl.translate.goog/gobierno-pospone-ingreso-de-indicaciones-al-royalty-minero-y-privilegia-busqueda-de-acuerdo-con-la-oposicion/?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en-US&_x_tr_pto=wapp
Dear Mommy's Boy Gabby Boric, everything with you is now running out of steam.
You'll be at a dead stop on everything within a month.
The Doctor
IMF_kiss of_death. Only_Chile will_have negative_growth in_LATAM 2023
https://www-ex--ante-cl.translate.goog/fmi-weo-abril-2023-proyecciones-america-latina-y-el-caribe-pib-per-capita-inflacion/?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en-US&_x_tr_pto=wapp
Piss_on NLP._Boric pivots_to catchy_slogan "Streets_Without ViolencePlan"
(US$1.5 billion) to save his sorryass now https://www-ex--ante-cl.translate.goog/sergio-urzua-y-crimen-organizado-chile-tiene-que-batallar-contra-un-poder-economico-significativo/?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en-US&_x_tr_pto=wapp Anti-Mining Marcela delays the NLP at least another 2 months with this new catchy plan for Gabby.
Dear Mommy's Boy Gabby Boric, I would have chosen a plan that gives more middle-class & lower-class Chileans good solid mining jobs... but hey your lesbo/dyke cabinet wants you to coddle the criminals & the mafia now instead sooooo I guess you will coddle the criminals & the mafia instead of producing some new mining reforms to help Chileans.
The Doctor
GM-backed EnergyX_building demo_DLE facility in_Chile.
https://1-es--us-finanzas-yahoo-com.translate.goog/noticias/general-motors-profundiza-presencia-miner%C3%ADa-121534352.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cucXdhbnQuY29tLw&guce_referrer_sig=AQAAAN07Rwb3mI1Rtev8Z_UCLdeiJEACIWaJxOARpJGJukwq8DkOfRuMJHaVTRIuEOVnF7L1tT-_Tdh7KOSjNwkVGNoU6UKwGp8di48h6s4_EVJuX699c--DqVxiHDyA6K375SyEoqKaCoLr75aqGl1DfvmOjqiyn0aVMtzHxqFYo-SV&_x_tr_enc=1&_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en-US&_x_tr_pto=wapp
Dear Vladimir Putin, you should have Rosatom (Uranium One) build a demo DLE facility for Russia in Chile also... just to keep up with the Joneses... and to keep up with the Uncle Sams.
The Doctor
Beware._When that_preck BushStar_says "full_steam ahead"_it means
we're about to get another goodfocking from management https://hotcopper.com.au/threads/the-ministry-of-mining-accepted-application-from-codelco-to-extend-ceol.7045502/page-264?get_post=true
The Doctor
Watch_Anti-Mining Marcela._She is_out to_sabotage the_whole NLP/NLC
Dear_Mario Marcel,_pssst... the_IMF wants_all the_lithium mining in_Chile
https://hacienda-cl.translate.goog/noticias-y-eventos/noticias/hacienda-reuniones-anuales-fmi-bm?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en-US&_x_tr_pto=wapp
Dear Mario, either get the lithium mining for privateers up & running and firmly established in Chile by the end of 2023 (safe under TPP-11)... or the IMF is going to "reshape/restructure" Chile's debt/notes into a big happy Pacman emoji-signed permission slip to take over Chile's lithium.
You think I'm kidding? Argentina used to think the same thing... and look where they are today.
The Doctor
Organized_Crime suddenly_taking over_everything Boric_was hoping to_do
https://www-ex--ante-cl.translate.goog/sergio-urzua-y-crimen-organizado-chile-tiene-que-batallar-contra-un-poder-economico-significativo/?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en-US&_x_tr_pto=wapp
If Augusto Pinochet was still alive then this would be the point at which General Pinochet graciously steps in to "relieve" Mommy's Boy Gabby Boric of his job which as a young ineffectual naive effeminate little mommy's boy he has no business even trying to do.
The Doctor
Yum_yum, we_Copper FTC_Unionists want_to prefock lithium_miners
up one wall and down the other before the new Lithium National Policy gets fully written/approved. We're currently holding a big meeting now on figuring out how best to rape these new lithium junior miners legally under leftist/commie Mommy's Boy Gabby Boric's new "open the doors wider for usfatass copper parasites" NLP https://www-reporteminero-cl.translate.goog/noticia/noticias/2023/04/dirigentes-de-la-ftc-se-daran-cita-en-73-congreso-nacional-ordinario?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en
Thecrabpest, you're_a raving fool_to think_NLP will be announced_in April
https://hotcopper.com.au/threads/the-ministry-of-mining-accepted-application-from-codelco-to-extend-ceol.7045502/page-259?post_id=67215937
Every leftist/commie sleazeball corrupt bribe-drooling politician was waiting for the biggies like CATL, BYD, Tianqi, Ganfeng, Tesla, Ford, Stellantis and Mitsui foremost to slip them a payoff under the table to get them into a sweetheart lithium deal/position based on the Codelco vs Simbalik Supreme Court ruling going in favor of Codelco.
Codelco & Marcela Hernando did not get a favorable Supreme Court ruling and the only thing Codelco & Marcela Hernando is holding in their grubby-thieving lithium hands now is theirlimpdicks.
All these lithium players are now energized happily-waiting-patiently solidly in the catbird's driver's seat which they can easily afford now while the Boric government "twists in the wind" over the fact 3 police officers have been killed in the last month and the criminals/mafia are clearly taking over Chile with Boric's passive/ineffective/weak/inexperienced/naive blessing https://www-ex--ante-cl.translate.goog/kenneth-bunker-creo-que-no-hay-una-sola-persona-que-esta-tomando-decisiones-en-el-gobierno/?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en-US&_x_tr_pto=wapp
Boric's days are numbered now and publishing a NLP for lithium is getting lower and lower on his list-of-important-things-to-do by the minute. Mommy's Boy Gabby Boric needs to save his ownass first.
The Doctor
If_the Senate_is going_to vote_to Repeal_1979 Strategic_Mineral
classification on lithium then doing it during the next 6 months will probably be our best shot with Senator Luz Ebensperger as the new president of the Senate Mining Commission https://www-reporteminero-cl.translate.goog/noticia/noticias/2023/04/luz-ebensperger-es-la-nueva-presidenta-de-la-comision-de-mineria-del-senado?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en
Senator Luz Ebensperger from the UDI party will be in that office for 6 months. I am sure Anti-Mining Marcela Hernando knew Senator Luz Ebensperger was going to "rotate" into this powerful position for 6 months and this might be the reason why she (Marcela) is stonewalling/boycotting giving lithium-related testimony before any congressional committees currently looking into the "inner workings" of the bureaucrats "lording over" the lithium mining industry in Chile. I have a feeling Senator Luz Ebensperger could easily ream leftist/commie Marcela a newasshole within 5 minutes of putting Marcela on the witness stand.
This situation bears watching given how powerful the Senate Mining Commission is within the Senate on actually setting national mining policy.
The Doctor
Japs_are coming_to Chile_and could_be whipping_ourass 275km from
Copiapo
Sumitomo Metal Mining to produce lithium from 2028
https://www.mining.com/web/sumitomo-metal-mining-to-produce-lithium-from-2028-nikkei/
Sumitomo Metal Mining will begin producing lithium, a metal used in batteries for electric vehicles, from 2028, the Nikkei business daily reported on Monday. The company will also enter discussions with a major overseas resource developer, the Nikkei reported.
For the specifics see Clean Tech Lithium https://ctlithium.com/projects/laguna-verde/
Sniff sniff, I think I smell Mitsui mixed up in this deal next door to us.
Now I really am wondering how much secret (very helpful) info/studies we (LPI) gave to Mitsui during due diligence about our Maricunga project?
The Doctor
Chile_swinging back_to Right-Wing governance_ala José_Antonio Kast-type
Approval of the Carabineros reaches 79%, its highest level in the history of CADEM surveys
https://www-ex--ante-cl.translate.goog/cadem-aprobacion-a-carabineros-llega-a-79-su-nivel-mas-alto-en-la-historia-de-este-sondeo-vea-aqui-la-encuesta-completa/?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en-US&_x_tr_pto=wapp
Regarding spontaneous presidential preferences polling, ex-congressman and former candidate for the presidency, José Antonio Kast is up 4 points more than the December measurement at 17% approval rating.
Dear Mommy's Boy Gabby Boric, hmmmm, your presidential run might not be going the full 4 years as the little people are now favoring the police-state way more than yoursorryass leftist/commie crap. If I were you I would doing some research on a nice quiet Airbnb in Brazil or maybe Costa Rica or Belize just to be on the safe side... if you know what I'm saying.
The Doctor
Anti-Mining Marcela_admits she_still doesn't_understand NLP/NLC_law
https://www-ex--ante-cl.translate.goog/que-hacen-y-de-donde-provienen-las-empresas-interesadas-en-la-nueva-politica-nacional-del-litio/?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en-US&_x_tr_pto=wapp see paragraph 5
Well no surprise there. If Marcela doesn't understand the NLP/NLC then how is anyone else in Chile supposed to understand thiswholeclusterfock? And, what is really galling though is that she hasn't moved even one inch further toward understanding the NLP/NLC since June 14, 2022 https://www-ex--ante-cl.translate.goog/hacia-donde-va-la-empresa-nacional-del-litio-y-las-criticas-y-expectativas-del-sector-privado/?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en-US&_x_tr_pto=wapp ... it has been nearly a year since she addressed the Senate Mining & Energy Commission on this very question and she knows not one more iota of what is supposed to be included in the NLP/NLC to make these programs active.
Dear Anti-Mining Minister Marcela Hernando, well get in line behind Codelco CEO Maximo Pacheco... he doesn't understand the NLP/NLC either https://www-reporteminero-cl.translate.goog/noticia/noticias/2023/04/maximo-pacheco-afirma-que-espera-conocer-la-politica-nacional-del-litio?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en but it sure would be nice if you would upload something to your website that tells what initial basic even-piecemeal things we can glean so far in the NLP/NMC because right now you got nothing for anyone to even get semi-acquainted with the NLP/NLC https://www-minmineria-cl.translate.goog/?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en-US&_x_tr_pto=nui
The Doctor
Dear_Ambassador Niu_Qingbao from_China, if_China is_so mad_about
what those gringo Yankee Americans (ie The Guardians of Democracy around the World) are saying behind your back with regards to lithium then kick Uncle Sam where it will hurt him the most... right in thenuts. https://www-ex--ante-cl.translate.goog/la-dura-respuesta-de-embajador-chino-a-palabras-de-senador-de-ee-uu-bob-menendez-en-entrevista-con-ex-ante/?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en-US&_x_tr_pto=wapp
Buy up all the shares in junior lithium miners inside Chile this week before gringo Uncle Sam gets a chance to outflank you on monopolizing Chilean lithium and then create your own Chinese Lithium Powerhouse Internationale to be run just the way you want, with slaves or without slaves, with torture or without torture. The choice could easily be yours once you own all the junior lithium miners in Chile.
The Doctor
PS, Dear Ambassador Niu Qingbao, there is no charge for this profound advice from our 24-hour walk-in clinic here on iHub and The Doctor.
Climber18,_the loud_hilarity from_seeing every_armchair expert_trying
to define the convoluted Codelco vs Simbalik Supreme Court ruling which was written by typical pass-the-buck clusterfocking beaners will be a doozy of a show to watch this coming week. For us what will be the most profound "quietly behind the scene" result/repercussion will be that the entire Congress trying desperately to get a firm "much newer" handle on lithium mining is going to finally realize that the 1979 Pinochet-era Strategic Mineral classification is obviously no longer going to work in 2023 going forward since non-elected bureaucrats (with greedy ulterior motives) clearly after Codelco vs Simbalik have waaaaaaaaay too much power in deciding who gets to exploit lithium. The Congress will be introducing a new law to repeal the over-complicated Byzantine 1979 restrictions on lithium to once again make it a manageable concessionable mineral like copper, cobalt, gold, silver etc in order to regain control of lithium oversight which is a total mess right now (to wit the last Supreme Court decision). Mommy's Boy Gabby Boric will be "off" totally absorbed in other national disasters like repairing his reputation for pardoning all the focking 2-bit violent criminals from the October 19 riots plus the recent huge uptick in maiming/killing of cops by his homeys and struggling mightily to reign in the increasingly-powerful Chilean & Venezuelan mafias which are having a field day in permissive leftist/commie Boric Chile now https://www-ex--ante-cl.translate.goog/de-aquellos-polvos-estos-lodos-por-sergio-munoz-riveros/?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en-US&_x_tr_pto=wapp
In effect, I think we are going to see a return to sanity by default on regulating lithium beginning this week which will be the welcoming siren call to international Whitey gringo investors to return to Chile seeking new lithium opportunities. Everyone is going to realize that Anti-Mining Minister Marcela Hernando truly has no focking idea and no focking workable plan for managing lithium in Chile and the rising fear that Argentina is going to stomp Chile into the ground on lithium production is "motivating" every lawmaker in Chile now to get this lithium mineral exploitation program solved in an airtight fashion before 2026 and the return to power of a "law & order" re-stabilizing right-wing government in Chile.
The Doctor
Total_complete brass-tacks update_on mining_lithium in_Maricunga
plus a concise summary on "who is really who" on the second largest lithium salar in Chile.
Spanish 1 Three actors for a salt flat: the race to extract lithium from Maricunga
Spanish 2 https://vnexplorer.net/tres-actores-para-un-salar-la-carrera-por-extraer-litio-de-maricunga-s1363727.html
English 1 https://vnexplorer-net.translate.goog/tres-actores-para-un-salar-la-carrera-por-extraer-litio-de-maricunga-s1363727.html?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en-US&_x_tr_pto=wapp&_x_tr_hist=true
Maricunga salt flat area is a total of 14,000 hectares
Codelco's area covers 18% or 2,500 hectares and is classified as Pre-1979 with 325,000 tonnes LME which equals 62,055 mt LCE (325,000 divided by 5.23) usable until 2057. If Codelco were to mine that 62,055mt over 20 years then they would be producing 3,105mtpa of LCE.
LPI's area also covers 18% of the total Maricunga and has 2,541 hectares total with 472,000 tonnes LME.
LPI has 1,125 hectares which is Pre-1979 set to produce 15,200mtpa of LCE for 20 years.
And LPI has 1,416 hectares are Post-1979 set to produce 4,800mtpa of LCE for 20 years
SIMCO has 7% of the total salar at 966 hectares between Cominor and Simbalik companies.
Simbalik after the recent Supreme Court ruling is now set to mine under Post-1979 regulations (but free from Codelco intervention) 24,300 metric tonnes LCE (ie 1,620mtpa LCE over 15 years), see https://investorshub.advfn.com/boards/read_msg.aspx?message_id=171635214
SQM has 26% of the total Maricunga area at 6,600 hectares under Post-1979 regulations. SQM has no approved LCE export quota license per se activated in Maricunga... but one must now (ie after the recent Supreme Court ruling) question the idea of SQM perhaps taking a rather cavalier approach to the Atacama and dragging their feet on the CORFO property 2024 - 2030 only to deliberately start up their Maricunga property mining operations and transfering their UNUSED approved "locked-up-tighter-than-a-drum" LCE export quota license from the CORFO property over to their Maricunga property at say 6,000mtpa (minimum) I would recommend which if combined with LPI would then equal 15,200mtpa + 6,000mtpa or 21,200mtpa... that is, if SQM/Tianqi and LPI were partners.
This coming week is going to be a real doozy.
The Doctor
Dear_Gabby Boric, some free advice. On_Monday put_Willy in_charge
of all things lithium. Let under-utilized Willy Kracht put this whole lithium regulation/consolidation/repair/expansion/NLP/NLC program back on some semblance of an intelligent/purposeful track before you totally lose control by Friday. The entire Lithium space/time continuum is now accelerating very fast and you've already lost 33% control of it with the recent Supreme Court decision in favor of Simbalik... it is gone forever, you won't recover it.
You also need to move that moron backstabbing saboteur-to-your-agenda presidential-wannabe Anti-Mining Minister Marcela Hernando as far away from lithium as you can get her without alienating the RP (or PR Radical Party) and splitting your leftist multi-party coalition now hanging on by a thread.
You need Willy Kracht as your real actually capable lithium point man once again to repair all the lithium damage (especially in the Lower Chamber of Deputies) from last week April 1-8 under Marcela's poor excuse showing of being the lithium point man, otherwise if you delay this unborn lithium salvation program you were trying to birth/coalesce any more then it will be slipping out of your flailing hands very soon while you are busy off-target "directly" fighting to straighten out this whole sticky "get tough on crime" & support-for-Carabineros mess that sinks you (plus your cop-killing leftist/anarchist amigos/homeys) lower & lower everyday in the public polls https://www-ex--ante-cl.translate.goog/crimen-organizado-en-chile-la-ejecucion-en-pleno-centro-que-conmociono-a-concepcion/?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en-US&_x_tr_pto=wapp
The Doctor
PS, Dear Mommy's Boy Gabby Boric, there is no charge from the clinic for today's office visit. Happy Easter, I hope you get a nice buxom chocolate bunny on Sunday. I love chocolate bunnies for Easter... and once every 2 weeks or so thereafter.
Risk
____ ______ ______ ______ _____ .
Stage 1 is subject to the IEAM Tax (Specific Tax on Mining Activity). OK.
Stage 1 is reaffirmed as not subject to post 1979 CORFO-Landlord-like or NLC-Landlord-like or Codelco-Landlord-like Royalty-masked taxation schemes or masked brute-force "outside" exploitation after Simbalik Supreme Court win in substantial part.
Stage 2 most probable scenario given CORFO precedence/intervention plus current leftist/commie semi brute force.
Stage 2 is subject to the IEAM Tax (Specific Tax on Mining Activity) and may write-off/deduct sliding-scale premium portion of Royalties (eg maximum 40% of income) paid to the State on tonnes selling above US$12,000/mt if NLC is enacted before 2026.
Stage 2 most punishing scenario given CORFO or NLC precedence/intervention plus current leftist/commie full brute force.
Stage 2 is subject to the IEAM Tax (Specific Tax on Mining Activity) and may NOT write-off/deduct sliding-scale premium portion of Royalties (eg minimum 40% of income) paid to the State on tonnes selling above US$12,000/mt if NLC is enacted before 2026 and leftists/commie stay in power until 2030. See SQM's upcoming legal challenge on this double-taxation accounting procedure https://investorshub.advfn.com/boards/read_msg.aspx?message_id=171642677
Dear LPI Management, for 2023 youfockingmorons now need to chain-link/barb-wire patrolled-by-guards fence off all of Stage 2, then shutdown/freeze Stage 2 and toss it in the to-do-later file drawer for re-opening when a right-wing or fascist-lite president is elected in Chile. For 2023 you need to concentrate only on Stage 1 but since you all are nothing but a bunch of focking losers with no short, medium or even long-range vision you need to get Tianqi to focus more intently on our Maricunga property and buy us out (Stages 1 & 2) asking US$1.65 billion because if a Republican, center-right, right-wing, or Libertad y Democracia candidate is elected as President in 2026 then that new President will easily be able to get the new Maricunga LCE export license revised upwards to 49,999mtpa tripling the value of this Stage 1 project (ref originally 15,200mtpa) overnight thereby showering Tianqi in ungodly numbers of heavy overflowing bags full of money from heaven.
The Doctor
Simbalik_SupremeCourt win_supports_SQM refusal_to pay double_taxation
Another effect of the rise in lithium: SQM risks US$ 745,000,000 due to differences with the SII (Internal Revenue Service) over mining royalties
For English translation click
https://www-latercera-com.translate.goog/pulso/noticia/otro-efecto-del-alza-del-litio-sqm-arriesga-us-745-millones-por-diferencias-con-el-sii-por-royalty-a-la-mineria/DD35BPB5QNE6LBQLC2DKIT6KXQ/?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en-US&_x_tr_pto=wapp
if Google translation does not work then see below
After the Simbalik win and new Supreme Court precedents, miner SQM is now saying to the Chilean Treasurer essentially/abbreviated "listen, the government can have pre-1979 Concession Taxes under the IEAM (Specific Tax on Mining Activity), Or you can have the Royalty payments though the contract with CORFO... but you can't have both. Take your pick Chilean government".
If SQM revolts against Mommy's Boy Gabby Boric on lithium then this government needs to get the NLP written and approved by Congress like yesterday... or there are much-much bigger problems coming on "peacefully" collecting lithium taxes & royalties for the Chilean Treasurer.
The Doctor
---------------------------
Another effect of the rise in lithium: SQM risks US$745,000,000 due to differences with the SII over mining royalties
by Leonardo Cardenas
While the mining company (SQM) maintains that it should not pay the specific tax on mining, since lithium is a non-concessible mineral, the SII (Servicio de Impuestos Internos = Internal Revenue Service) says that the age of the mining properties allows their exploitation and that Albemarle has been paying the tax. If at the end of 2021 that difference amounted to US$79,000,000 but in 2022 everything changed, given the price rise and the million-dollar profits. SQM estimates that if the SII maintains its criteria, "the amount that could be settled by the SII amounts to US$745,300,000"
"The financial situation of the company could not be better." With these words, the general manager of SQM, Ricardo Ramos, highlighted the historic result of 2022 with revenues of US$10,711,000,000 and profits of US$3,906,000,000 due to the high prices of lithium plus the strong demand for electromobility. The balance of last year also left US$5,000,000,000 in payments to the State. But that figure could be even higher.
The last financial report of the non-metallic mining company for the fourth quarter of 2022 revealed a sharp increase in the tax contingencies that it maintains with the Internal Revenue Service (SII). If at the end of 2021 it estimated that the amount of the differences with the tax authority amounted to US$79.8 million, at the end of 2022 the figure was multiplied almost by 10, up to US$745.3 million.
In its tax contingencies, SQM explains that its subsidiary SQM Salar, which exploits the Salar de Atacama, has filed three tax claims against the SII for the collection of taxes from tax years 2012 to 2018, which corresponds to business years 2011 to 2017. The total amount for these claims totals US$127,000,000 a figure that has been paid by the company. Then, in September 2022, the SII settled differences for the 2019 tax year regarding the specific tax on mining activity and other adjustments for US$36,000,000 million. "SQM Salar paid the liquidated amount, having one year to claim such liquidation, which it plans to do vigorously," the company described. Thus, the differences now span a period of eight years.
This is how SQM explains the difference it has with Internal Taxes. "The SII has sought to extend the application of the specific tax on mining activity to the exploitation of lithium, a substance that is not granted under the legal system," the company states in its financial statements.
The big leap will occur for the 2022 business year, which is still far from being settled by the SII. As the price of lithium jumped, the amount of the future and eventual tax dispute skyrocketed. This is how SQM explained it in its latest balance sheets. “The SII has not settled differences regarding the specific tax on mining activity for tax years 2020 onward. If the SII uses a criterion similar to that used in previous years, it is possible that it will make settlements in the future corresponding to said period. The company's estimate for the amount that could be settled by the SII amounts to US$745,300,000 if the first category tax is discounted and without considering interest and fines," the mining company explained in the latest report on 2022.
In its balance sheets for the previous year, as of December 2021, the firm said the same. But the figure that was risked in the future was only US$ 79,800,000 million.
In 2022, SQM recorded lithium sales of US$8,152,000,000, 770% more than in 2021. The average sale price in 2022 amounted to US$52,000 per metric ton. The previous year it had been US$14,600.
The response of the SII
The Internal Revenue Service recognizes current litigation for the payment of the Specific Tax on Mining Activity (IEAM) for tax years 2017 and 2018. The Service (ie SII) maintains, contrary to what the company argues, that SQM is subject to the IEAM and that the exploitation it carries out uses the same rights as any mining operator of concessionable substances. And they remember that the other company that exploits lithium in the Salar de Atacama, the American company Albemarle, is complying with this obligation.
In its argument, the SII supports lithium, despite being non-concessible, in the case of SQM Salar it is. "The lithium that SQM Salar exploits in particular is covered by an exception to inconcesibility, contained in Article 5, Letter a), of Decree Law 2,886 of 1979," they say from the SII.
With this, the SII refers to the decree that declared lithium a strategic mineral reserved for the State, except for mining properties that have been registered before 1979. In this category fall the properties that CORFO leases in the Salar de Atacama to SQM and Albemarle.
“The position of the SII continues to be that the company is affected by the IEAM and will assert its arguments in court up to the last judicial instances. In this context, through the Directorate of Large Taxpayers, it is complying with its legal obligation to verify correct tax compliance in the determination of the Specific Tax on Mining Activity in the exploitation of lithium in its various forms, which includes the review of the tax periods following the one currently being discussed in court. And in case of establishing differences, it will make the corresponding liquidations. For this, it has the prescription periods of the inspection action of article 200 of the Tax Code, which establishes that the SII has 3 years to inspect from the expiration of the legal term to pay the tax, a period that can be extended up to 6 years. limited the SII to Pulse (Pulse news service).
In the three tax claims filed, SQM obtained a favorable ruling, for the 2017 and 2018 tax years, but lost those related to the previous years. All cases have been appealed to the higher courts.
And for this same case, a few years ago, SQM appealed with a request for non-applicability due to unconstitutionality against these charges and the Constitutional Court rejected it.
Dear_LPI Management,_there are_calls for_you askholes_to make_an announcement
https://hotcopper.com.au/threads/the-ministry-of-mining-accepted-application-from-codelco-to-extend-ceol.7045502/page-242?get_post=true&direction=previous but the unvarnished truth is youfocking morons have never told us anything of consequence or in even a halfway timely manner in the last 6 years so why start now. You are clearly always last to know anything and whatever you do tell us is always "old news" or diluted pablum news. You are sadly incapable of being on the leading edge of any real news that grows or positively impacts this company. You limpdicks have nothing truly important to say to us "in advance" since your policy is obviously to stonewall us shareholders until after you have all thoroughly fed your pig faces at the pig trough first on anything cost impacting. So my advice to you after all these years is just to forget about us shareholders and continue on your vacations in the Bahamas/Bermuda... you all are just useless`inconsequential tits on a bull in the big picture now. Just let the developing external forces inside Chile "mechanically" drive us from now on and then passively react with your signatory ink pens to whatever is driving this company upward for the next 3 years (or sooner if we're bought out) taking special care not to do anything to cause you prison time . We shareholders are now content to let Third parties drive our fate forward since anything they do to us will be 5 times better than what you incompetent sleazeballs (excluding Russell Barwick... I like him) will do us.
There is no hard feelings any more on our part toward you malcontents. Go off and do whatever it is you all do... just don't steal any money from our bank accounts or execute any more dilution on our shares to feed your nasty habits.
Love & kisses
The Doctor
Codelco_buckles under_Marcela, full_blast advertising_for female_help now
see subliminal message picture https://www-reporteminero-cl.translate.goog/noticia/noticias/2023/04/codelco-convoca-practicantes-memoristas-programa-invierno-2023?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en
Dear Codelco, attaboy... you must really love licking Marcela's bum. Fire more men from Codelco's payroll and throw them out on the streets to make more room for Marcela's new leftist/commie female miner/voters who will definitely be voting for her in 2025 as president of Chile 2026.
The Doctor